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Forecast5 Discusses Growth in Collaborative Analytics



FOR IMMEDIATE RELEASE

Contact: Eric Smith
(630) 955-7551
esmith@forecast5analytics.com

 

Over the last two years, Forecast5 Analytics, Inc. has been promoting and facilitating the growth of data collaboration among public K-12 school districts utilizing its 5Share social platform.

Forecast5 Discusses Growth in Collaborative Analytics

Over the last two years, Forecast5 Analytics, Inc. has been promoting and facilitating the growth of data collaboration among public K-12 school districts utilizing its 5Share social platform. The company recently discussed its progress and related customer trends.  5Share is a private business collaboration network that connects public sector administrators.  Local governments can utilize the network to exchange information including data analytics.

“The vision for 5Share is big.  We have always wanted it to be more than a simple discussion board or list serve.  And now, we are beginning to see the results of some hard work.  5Share is becoming a collaboration network that is serving as an exchange for data, analytics, and ideas that are benefitting communities across the country,” remarked Mike English, CEO and President of Forecast5.

The 5Share platform has grown in several dimensions since its launch in early 2013.  The platform was built around the idea of groups. Users can participate in groups that have been formed on a national, statewide, regional, or local basis.  Within the groups, invitees have the opportunity to participate in discussions, collaborate on data analytics, and share files and documents.  Many of these interactions are geared towards generating new ideas for resource management and increasing organizational performance.

Eric Smith, Strategic Partnerships Director for Forecast5 commented, “5Share is integral in our strategy to accelerate the growth of data analytics in the public sector.  By connecting our clients through the social network, we are able to disseminate information, ideas, and best practices very efficiently.  As we continue to add more collaboration groups to 5Share, we are starting to see the individual groups collaborating with each other which is very exciting for us to facilitate.”

Groups on 5Share are exchanging data through the discussion board and through invitational surveys.  The results of group surveys can be turned into interactive analytics by the Forecast5 data team.  Schools are using the results of these surveys to guide decision making and for the communication of important financial data.

“Historically, collaboration between schools was done through email which has a number of inherent inefficiencies,” added Smith.  “The groups that are using 5Share for this type of activity are creating a repository of valuable and strategic information.  Additionally, they are creating operational efficiency and standardization which will benefit them for years to come.”

Forecast5 plans to add new features to 5Share over the next several months which will enhance user experiences.  Additionally, the company will continue to promote the connection of users across state lines for the purpose of sharing best practices that can benefit the overall national educational system.

About Forecast5

Forecast5 Analytics provides powerful analytic tools to help local government leaders drive financial and strategic decisions. The Forecast5 platform includes cloud-based business intelligence software, interactive visuals, map-based software, and a collaborative analytics engine. For more information, visit http://www.forecast5analytics.com.

 

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